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Norway heralds new North Sea production![]() ![]() Oslo, Norway (UPI) Feb 14, 2017 The start of new production in the North Sea is a testament to the enduring strength of Norway's energy sector, the country's energy minister said. Norwegian Energy Minister Terje Soviknes was on hand for the official launch of the Ivar Aasen field in the country's territorial waters in the North Sea. Ivar Aasen, operated by Norwegian group Aker BP, has a total cost framework of $3.3 billion and could be in service for the next 20 years. "The development of Ivar Aasen is an important mil ... read more |
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![]() Riyadh received support for a new economic vision from the World Bank, the government said as representatives met on the sidelines with OPEC. ... more ![]() ![]() Retail gasoline prices in the United States continue to hold steady despite regional fluctuations because oil markets in are limbo, a market survey found. ... more ![]() ![]() Tepid growth in the European economy and a recovery phase following steady losses in the previous session pushed oil prices higher early Tuesday. ... more ![]() ![]() The Nigerian city of Port Harcourt used to be known as "The Garden City" because of its soaring palm trees and green open spaces. ... more |
Previous Issues | Feb 14 | Feb 13 | Feb 11 | Feb 10 | Feb 09 |
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![]() The Native American tribe at the center of protests against the Dakota Access pipeline in the northern United States, on Tuesday asked a federal court to reverse the Trump administration's decision to let the project proceed. ... more ![]() ![]() With the nation's prime minister in Washington discussing trade issues, leaders in Alberta commemorated the economic legacy of oil and gas. ... more ![]() ![]() A review board in Canada said it started a detailed approval process for the route of the expanded Trans Mountain pipeline to the western shore. ... more ![]() ![]() The number of new drilling permits issued in Texas last month was more than 80 percent higher than the previous year, state data show. ... more ![]() ![]() The recovery in crude oil prices means more oil likely from U.S. shale deposits, though immediate gains are coming from offshore, OPEC said. ... more ![]() ![]() Gains in production from some OPEC members, expected U.S. gains and European economic concerns pushed oil prices lower early Monday. ... more |
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![]() ![]() Lundin Petroleum: Sole focus is now on offshore Norway ![]() ![]() A metric used to gauge oil demand in China, the world's second-largest economy, show steady gains but at a slower pace than before, S&P Global Platts said. ... more ![]() ![]() Understanding how oil and gas molecules, water and rocks interact at the nanoscale will help make extraction of hydrocarbons through hydraulic fracturing more efficient, according to Rice University ... more ![]() ![]() Despite a slow down in the number of new natural gas wells in the Marcellus Shale region of Northeast Pennsylvania, new research led by Drexel University finds that atmospheric methane levels in the ... more ![]() ![]() Construction has begun on the final segment of the controversial Dakota Access oil pipeline in the northern United States, prompting a court challenge from a Native American tribe which says its religious rights are under threat. ... more |
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